This article first appeared on GuruFocus.
Invesco S&P Ultra Dividend Revenue ETF (RDIV) was the sole ETF buying on Thursday, Oct. 29, with no funds selling. RDIV added $239.2 million of stock and sold nothing, increasing all 60 of its positions and decreasing none, against $1.73 billion in assets under management. Total ETF activity of $239.2 million was entirely net buying.
What did RDIV buy on Thursday?
Its largest buys by dollar value were CVX ($14.7 million), TGT ($13.5 million) and BMY ($12.4 million).
Chevron Corp led the buys at $14.7 million, lifting its weight to 6.16%, followed by Target Corp at $13.5 million (5.65%) and Bristol-Myers Squibb Co at $12.4 million (5.18%). PepsiCo Inc drew $12.1 million (5.06%) and Prudential Financial Inc $12.0 million (5.04%). All five were existing holdings, so the fund opened no new positions and exited none on the day.
How does RDIV invest?
RDIV is an Equity US Income fund holding 60 stocks, with 50.5% of assets in its 10 largest holdings. Consumer Defensive accounts for 21.1% of classified stocks, Financial Services 15.6% and Consumer Cyclical 12.4%, while large caps make up 84.6% and mid caps 15.4%. Its expense ratio is 0.39%, and top holdings include Chevron Corp at 6.16%, Target Corp at 5.65%, Bristol-Myers Squibb Co at 5.18%, PepsiCo Inc at 5.06% and Prudential Financial Inc at 5.04%. The fund has a GF Score of 74, a P/E of 13.35, a P/B of 1.66, a dividend yield of 3.4% and a year-to-date return of 20.16%.
Invesco S&P Ultra Dividend Revenue ETF (RDIV) at a glance
See the full Invesco S&P Ultra Dividend Revenue ETF profile, or compare it with similar funds in the ETF Screener. For the stock behind its biggest buy, see CVX’s GF Value page and guru trades.
Source: finance.yahoo.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.
